A Flexibility Market Platform for Electricity System Operators Using Blockchain Technology

Valeri Mladenov, Vesselin Chobanov, George Calin Seritan, Radu Florin Porumb, Bogdan-Adrian Enache, Vasiliki Vita, Marilena Stănculescu, Thong Vu Van and Dimitrios Bargiotas
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Valeri Mladenov: Faculty of Automatics, Technical University of Sofia, 1000 Sofia, Bulgaria
Vesselin Chobanov: Faculty of Automatics, Technical University of Sofia, 1000 Sofia, Bulgaria
George Calin Seritan: Faculty of Electrical Engineering, University “Politehnica” of Bucharest, 061071 Bucharest, Romania
Radu Florin Porumb: Faculty of Power Engineering, University “Politehnica” of Bucharest, 061071 Bucharest, Romania
Bogdan-Adrian Enache: Faculty of Electrical Engineering, University “Politehnica” of Bucharest, 061071 Bucharest, Romania
Vasiliki Vita: ASPETE-School of Pedagogical and Technological Education, 14121 Athens, Greece
Marilena Stănculescu: Faculty of Electrical Engineering, University “Politehnica” of Bucharest, 061071 Bucharest, Romania
Thong Vu Van: EMAX, 41040 Brussels, Belgium
Dimitrios Bargiotas: Department of Electrical and Computer Engineering, University of Thessaly, Sekeri & Cheiden Str., 38334 Volos, Greece

Energies, 2022, vol. 15, issue 2, 1-26

Abstract: The paper’s main objective is to demonstrate the trading and flexibility of services amongst TSOs, DSOs, and Prosumers in a transparent, secure, and cost-effective manner using Blockchain-based TSO-DSO flexibility marketplace (EFLEX). The aim is to look for ways to help DSOs/TSOs be more flexible and more directly engaged in managing energy flows on the network. EFLEX will streamline the needs of both TSO and DSO on the same platform. Based on the paper’s proposed services, the pilot service demonstration will be carried out in Bulgaria and Romania, and the main focus will be on congestion management, TSO-DSO Coordination, and Marketplace. The proposed objective is achieved by using Blockchain-based smart contracts and distributed ledger technology.

Keywords: TSO; DSO; prosumers; flexibility market; blockchain (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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